Question

g The unemployment rate is calculated as​ follows:   A. Unemployment Rate equals StartFraction Number of Unemployed Over Number of Employed EndFraction times 100 . B. Unemployment Rate equals StartFraction Number of Unemployed Over Labor Force EndFraction times 100 . C. Unemployment Rate equals StartFraction Number of Unemployed Over Population EndFraction times 100 . D. Unemployment Rate equals StartFraction Number of Unemployed Over Number of Employed plus Labor Force EndFraction . Which of the following is not one of the conditions someone needs to meet to be counted as​ unemployed?      A. They were available for work in the week previous to the survey week. B. They had actively looked for work at some time during the previous four weeks. C. They had worked only one hour per week during the previous four weeks. D. They must not have worked in the week previous to the survey week.

Answer 1

Answer: 1.  B. $\frac{ Number of Unemployed }{Labor Force}$ X 100

2. C. They had worked only one hour per week during the previous four weeks.

Explanation:

Unemployment rate is the percentage of the labor force that is actively seeking work but has not found one. It is calculated as​ follows: $\frac{ Number of Unemployed }{Labor Force}$ X 100

   

2. To be counted as unemployed during a survey, the person must have actively looked for work at some time during the previous four weeks and has been unable to find work, been available to work in the previous week and must not have worked in the previous week.

During surveys, a person who was not available to work in the previous week, for any other reason besides temporary illness is counted as unemployed.